Sold
Dronfield – Freehold Neighbourhood Retail Centre Investment
Dronfield Civic Centre, Units 1-14, Dronfield, S18 1PD
- Property Type:
- Commercial
- Sub Type:
- Retail
- Tenure:
- Freehold

Income
£466,600 pa
Description
- A busy neighbourhood scheme comprising 15 retail units, 7 flats and a garage.
- Dronfield is a popular residential suburb between Sheffield and Chesterfield.
- Freehold.
- The centre comprises a mix of national and local occupiers. National tenants include Betfred, McColl’s, Barnardo’s and Cooplands.
- Marketing Rent of £466,600 per annum subject to vendor top up on Unit 5.
- 47% of the income is secured to Midland Co-operative Society.
- Successful scheme with an AWULT of 3.36 years to expiry and 2.58 years to break.
- Large car park comprising approximately 50 spaces.
- Total site area of 1.85 acres providing the potential for future development.
- Asset management opportunities with 7 flats.
- Opportunity to replace local covenants with national multiples.
- We are instructed to seek offers in excess of £3,500,000 subject to contract. A purchase at this level would reflect a net initial yield of 12.5% subject to standard purchaser’s costs.